Vestager approves state aid for Kriegers

The European Commission has approved Denmark's application to be allowed to provide state aid for the establishment of Kriegers Flak, which with its 600 MW will be the largest Danish offshore wind farm. The EU aids with 1,1 billion kr.

"Kriegers Flak Offshore Wind Farm will help to reduce CO2 emissions and the aid was carefully designed so that competition is not distorted in the electricity markets. I am happy to approve state aid for this project," writes EU Competition Commissioner Margrethe Vestager in a press release from Commission.

The offshore wind turbine park will be built by Vattenfall, which won the tender with a bid of 0,372 kr/kWh in 2016, which according to the Climate- Supply- and Energy Ministry at the time was the lowest price for wind energy.

The park will be built in the Baltic Sea east of Møn and is connected to Denmark and Germany through a submarine cable that will carry electricity from the two German parks Baltic 1 and Baltic 2 and thus help to increase the exchange of electricity between the two countries.

A fact that also looks good in the EU Commission press release, because the submarine cable supports the goal of creating a robust and integrated EU energy market.

The EU supports the construction of Kriegers Flak with 150 million Euro in an agreement, which was reached back in 2010 with energinet.dk.